A new 45,000-square-foot sustainable office development is in the works for Oakland’s S. Craig St. corridor.
Under development by
Cambridge Venture Partners (CVP), the nine-story project will bring 40,000 square feet of Class A office space to the centrally located commercial district. Designed to enhance Craig’s existing retail tenants and surrounding institutions, increase pedestrian traffic and support Oakland’s strong rental market, the $9 million project will feature a first-floor restaurant with outdoor seating along Winthrop St. Approximately 100 new employees are expected to work in the office tower, which is being designed by
Renaissance 3 Architects.
“It’s really going to complement the whole corridor. When I went around and talked to business people, they were totally for the development and realize it will help business. We’re addressing a lot of needs over there,” says Tom Chunchick, with CVP, who has met with local merchants, the Oakland Task Force and the Bellefield Area Citizens Association. “They’re excited to have first class tenants. We always seek public and private input from our neighbors to make sure that everyone has a chance to present their ideas and offer us opportunities for improving our process.”
Chunchick, who has teamed up with
David Glickman of
Grubb & Ellis and
Rick Dimidjian of
Aegis Realty Partners to market the project, expects construction to start by the end of summer. Occupancy is planned for fall 2010. CVP is also developing The Museum Park Hotel on Forbes Ave. in Oakland and the mixed-use Forward Square in Squirrel Hill.
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Writer:
Jennifer BaronSource: Tom Chunchick, executive vice president, Cambridge Venture Partners
Image courtesy Grubb and Ellis Company